The government-backed Small Industries Development Bank of India (SIDBI) recently announced that it has set up a fund with INR 10 billion (USD 154 million) to provide concessional financing to micro-, small and medium-sized enterprises (MSMEs) in the manufacturing sector. As per a statement released by SIDBI, the objective of the fund is to transform the Indian MSME sector into a “world class manufacturing hub” in line with the Indian government’s “make in India” program.
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MICROCAPITAL BRIEF: Inter-American Development Bank (IDB) Loans $30m to Paraguay to Fund Small, Medium-sized Enterprises
The Inter-American Development Bank (IDB), a US-based multilateral finance institution that operates in Latin America and the Caribbean, recently approved a loan of USD 30 million to the government of Paraguay.
MICROCAPITAL BRIEF: African Development Bank (AfDB), Asian Development Bank (ADB), European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB), Inter-American Development Bank (IDB), World Bank Group (WBG) Issues Joint Statement on Climate Finance
A group of multilateral development finance institutions, the African Development Bank (AfDB), the Asian Development Bank (ADB), the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the Inter-American Development Bank (IDB) and the World Bank Group (WBG), recently issued a joint statement on climate finance.
MICROCAPITAL BRIEF: Inter-American Development Bank (IDB) to Loan $100m to El Salvador for On-Lending to Micro-, Small and Medium-sized Enterprises (MSMEs)
The Inter-American Development Bank (IDB), a US-based multilateral finance institution operating in Latin America and the Caribbean, reportedly has approved a loan of USD 100 million to promote lending to micro-, small and medium-sized enterprises (MSMEs) in El Salvador.
MICROCAPITAL BRIEF: Commercial Banks in India Seek to Expand Microlending: Housing Development Finance Corporation, IndusInd Bank, Industrial Development Bank of India (IDBI)
Commercial banks in India reportedly are gaining interest in offering microfinance services to low-income individuals.
MICROCAPITAL BRIEF: Inter-American Development Bank (IDB) to Create $30m Credit Line for Retail Lenders to Support Micro-, Small, Medium-Sized Enterprises (MSMEs) in the Dominican Republic
The Inter-American Development Bank (IDB), a US-based multilateral financial institution that seeks to support sustainable economic development in Latin America and the Caribbean, recently announced that it will create a USD 30 million credit fund that retail lenders in the Dominican Republic can access to expand financing deemed “medium- and long-term” to micro-, small and medium-sized enterprises (MSMEs).
MICROCAPITAL BRIEF: Inter-American Development Bank (IDB), MasterCard Partner to Support Financial Inclusion, Transparency in Latin America, Caribbean
The Inter-American Development Bank (IDB), a US-based multilateral financial institution that seeks to support sustainable economic growth in Latin America and the Caribbean countries, has partnered with MasterCard Incorporated, a US-based payments and technology company with operations in 210 countries and territories, to expand electronic payment systems in Latin America and the Caribbean (LAC) [1].
MICROCAPITAL BRIEF: Industrial Development Bank of India (IDBI) Introduces Kiosk Banking in 3 Rural Indian Villages
The Industrial Development Bank of India (IDBI), a government-owned financial services company, reportedly has installed kiosk banking units in three rural villages in the Indian state of Maharashtra.
MICROCAPITAL BRIEF: Inter-American Development Bank (IDB) Approves $20m Loan to Edyficar of Peru to Support Housing Finance
The Inter-American Development Bank (IDB), a US-based financial institution that supports small and medium-sized businesses, reportedly has approved a loan of USD 20 million to Edyficar, a financial institution in Peru that specializes in serving microenterprises, to increase housing loans.
MICROCAPITAL BRIEF: Small Industries Development Bank of India (SIDBI) Launches India Microfinance Platform
The Small Industries Development Bank of India (SIDBI), a state-owned bank, with the help of the World Bank, a US-based international development institution, and implemented by the US-based nonprofit Microfinance Information Exchange (MIX), has launched the India Microfinance Platform, a web-based portal that will provide information on all the microfinance organizations in India.
MICROCAPITAL BRIEF: Germany’s Kreditanstalt fur Wiederaufbau (KfW) Loans $130m to Small Industries Development Bank of India (SIDBI) for Micro-, Small and Medium-Sized Enterprise (MSME)
Kreditanstalt fur Wiederaufbau (KfW), a German development bank, recently loaned a total of EUR 100 million (USD 130 million) to Small Industries Development Bank of India (SIDBI), a state-owned bank, for on-lending to micro-, small and medium-sized enterprises (MSMEs) in India.
MICROCAPITAL BRIEF: Small Industries Development Bank of India (SIDBI) Among Banks Requiring Third-Party Assessment of Codes of Conduct from Microfinance Institutions (MFIs) Seeking Wholesale Loans
A group of lenders headed by the Small Industries Development Bank of India (SIDBI), a state-owned bank, have made it compulsory for microfinance institutions (MFIs) in the country to undergo third-party assessments of their codes of conduct in order to receive loans.
MICROCAPITAL BRIEF: Inter-American Development Bank (IDB), Multilateral Investment Fund (MIF), CAF Development Bank of Latin America Issue Call for Proposals for Technologies for Financial Inclusion Program
The Inter-American Development Bank (IDB), a US-based multilateral financial institution, the Multilateral Investment Fund (MIF), an autonomous fund administered by IDB, and the CAF Development Bank of Latin America, a multilateral financial institution formerly known as the Corporacion Andino de Fomento, have released a call for project proposals for the Technologies for Financial Inclusion Program.
MICROCAPITAL BRIEF: Inter-American Development Bank (IDB) Approves $10m Loan to Nicaragua’s Banco de Finanzas for Rent-to-Own Housing
The Inter-American Development Bank (IDB), a US-based multilateral financial institution, has approved a USD 10 million, ten-year loan to Banco de Finanzas (BDF), a commercial bank in Nicaragua, to fund a pilot housing project in Nicaragua.
MICROCAPITAL BRIEF: Small Industries Development Bank of India (SIDBI) to Commit $5.8m in Equity, Loans to Small Microfinance Institutions
The Small Industries Development Bank of India (SIDBI), a state-owned bank, has committed INR 300 million (USD 5.8 million), 30 percent of its microfinance development fund, to small Indian microfinance institutions (MFIs) that have not received commercial funding since the liquidity crisis began in the microfinance sector in the Indian state of Andhra Pradesh late in 2010.
MICROCAPITAL BRIEF: Small Industries Development Bank of India (SIDBI) Requires SKS Microfinance to Lend Only Outside Andhra Pradesh
Small Industries Development Bank of India (SIDBI), a governmental loan wholesaler to microfinance institutions (MFIs) in India, has reportedly required that SKS Microfinance Limited (SKS), an Indian MFI, use proceeds of a recent SIDBI loan for on-lending outside of the state of Andhra Pradesh [1].
MICROCAPITAL BRIEF: SKS Microfinance Borrows $20m from Small Industries Development Bank of India (SIDBI), Focuses Efforts Outside Andhra Pradesh
SKS Microfinance Limited (SKS), an Indian microfinance institution (MFI), reportedly has obtained a loan of INR 1 billion (USD 20.1 million) from the government-backed Small Industries Development Bank of India (SIDBI), a loan wholesaler to MFIs in India.
MICROCAPITAL BRIEF: Bandhan Financial Services Sells $112m in Securitized Loans to Industrial Development Bank of India (IDBI), Axis Bank, Development Credit Bank
Bandhan Financial Services, an Indian microfinance institution (MFI), has sold INR 550 crore (USD 112 million) of its agricultural loan portfolio to the Industrial Development Bank of India (IDBI), a public – sector bank; Axis Bank, an Indian financial services company; and Development Credit Bank, an Indian private – sector bank, according to a statement attributed to Banhan managing director Chandra Shekhar Ghosh.